What is the CSRD?

On 21 April 2021, the European Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD), which amends the existing reporting requirements of the Non-Financial Reporting Directive (NFRD) following the objective of net-zero emissions by 2050 in line with the European Green Deal

  • The CSRD extends the scope to all large companies and all companies listed on regulated markets (except listed micro-enterprises)

  • The CSRD introduces mandatory carbon indicators relative to past, present and future GHG emissions

Companies concerned by the CSRD

Large Companies

250+ employees

+€20M turnover

+€40M balance sheet

Starting 1st of January 2023


10 - 250 employees

€10M - €20M turnover

€10M - €40M balance sheet

Starting 1st of January 2026

To comply with the CSRD, Companies are to report on the following topics:

• Social matters & treatment of employees

• Human rights

• Anti-corruption and bribery

• Diversity on company boards (in terms of age, gender, educational and professional background)

• Description of principal risks related to sustainability matters

• Targets and progress made to achieve those targets

• Roles and responsibilities of management

• Company's sustainability policy including due diligence

• "Double-materiality" (consider impact of sustainability-related matters on company's value + Process to select material topics for stakeholders + impact of business on environment, people and economy)

• Reporting in line with Sustainable Finance Disclosure Regulation (SFDR) and the EU Taxonomy Regulation

The reporting should be reported into the management report in electronic format (XHMTL) after being submitted to 3rd party mandatory assurance

ECONOS' team of French & Romanian experts on Sustainability support Romanian companies from all sectors to get in line with the Corporate Sustainability Reporting Directive (CSRD)

Get in touch with ECONOS